| FORM NL-4-PREMIUM SCHEDULE | |||||
|---|---|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
| PREMIUM EARNED [NET] | |||||
| FOR THE PERIOD ENDED 30.09.2014 | |||||
| A | FIRE INSURANCE | (` '000) | |||
| PARTICULARS | For the quarter ending 30.09.2014 | Up to the quarter ending 30.09.2014 | For the corresponding quarter of the preceeding year | Up to the Quarter of the prceeding year | |
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 10954912 | 23995453 | 11659755 | 24463173 | |
| Less : Premium on reinsurance ceded | 606896 | 3200768 | 3411336 | 4967289 | |
| Net Premium | 10348016 | 20794685 | 8248419 | 19495884 | |
| Adjustment for change in reserve for unexpired risks | -715626 | 504397 | 463829 | -95201 | |
| Premium Earned (Net) | 9632390 | 21299082 | 8712248 | 19400683 | |
| B | MISCELLANEOUS INSURANCE | ||||
| (1) | MOTOR | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 8909451 | 17615691 | 9362175 | 14792486 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 8909451 | 17615691 | 9362175 | 14792486 | |
| Adjustment for change in reserve for unexpired risks | 173036 | -1443499 | -53928 | 2202004 | |
| Premium Earned (Net) | 9082487 | 16172192 | 9308247 | 16994490 | |
| (2) | AVIATION | ||||
| Premium from direct business written | 0 | 0 | 0 | ||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | |||
| Add: Premium on reinsurance accepted | 1935172 | 3371350 | 1098781 | 1956091 | |
| Less : Premium on reinsurance ceded | 278647 | 562256 | 248101 | 292901 | |
| Net Premium | 1656525 | 2809094 | 850680 | 1663190 | |
| Adjustment for change in reserve for unexpired risks | -388093 | -440736 | -240589 | -440213 | |
| Premium Earned (Net) | 1268432 | 2368358 | 610091 | 1222977 | |
| (3) | ENGINEERING | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2088028 | 4420780 | 1933661 | 4286640 | |
| Less : Premium on reinsurance ceded | 181836 | 185953 | 324735 | 389161 | |
| Net Premium | 1906192 | 4234827 | 1608926 | 3897479 | |
| Adjustment for change in reserve for unexpired risks | -189590 | -156463 | -9869 | -97324 | |
| Premium Earned (Net) | 1716602 | 4078364 | 1599057 | 3800155 | |
| (4) | W.C. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 36182 | 79799 | 52452 | 116002 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 36182 | 79799 | 52452 | 116002 | |
| Adjustment for change in reserve for unexpired risks | 8067 | 18044 | 28011 | 27358 | |
| Premium Earned (Net) | 44249 | 97843 | 80463 | 143360 | |
| (5) | Liability | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 254393 | 595896 | 337972 | 563877 | |
| Less : Premium on reinsurance ceded | 42994 | 48230 | 3572 | 64408 | |
| Net Premium | 211399 | 547666 | 334400 | 499469 | |
| Adjustment for change in reserve for unexpired risks | 60422 | -24776 | -29993 | 178328 | |
| Premium Earned (Net) | 271821 | 522890 | 304407 | 677797 | |
| (6) | PA | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 398504 | 974962 | 713114 | 1702662 | |
| Less : Premium on reinsurance ceded | 826 | 4909 | 1109 | 3713 | |
| Net Premium | 397678 | 970053 | 712005 | 1698949 | |
| Adjustment for change in reserve for unexpired risks | 158496 | 363299 | 278130 | 354880 | |
| Premium Earned (Net) | 556174 | 1333352 | 990135 | 2053829 | |
| (7) | Health | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 4798611 | 8662084 | 3798462 | 6632121 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 4798611 | 8662084 | 3798462 | 6632121 | |
| Adjustment for change in reserve for unexpired risks | -541255 | -1038569 | 788971 | 1561179 | |
| Premium Earned (Net) | 4257356 | 7623515 | 4587433 | 8193300 | |
| (8) | Oth. Misc. | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2866510 | 5072087 | 1723720 | 5186139 | |
| Less : Premium on reinsurance ceded | 118133 | 206483 | 271166 | 279207 | |
| Net Premium | 2748377 | 4865604 | 1452554 | 4906932 | |
| Adjustment for change in reserve for unexpired risks | -654954 | 18247 | 649667 | 338476 | |
| Premium Earned (Net) | 2093423 | 4883851 | 2102221 | 5245408 | |
| (9) | FL/Credit | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 365026 | 933243 | 531476 | 1318726 | |
| Less : Premium on reinsurance ceded | 0 | 0 | 0 | 0 | |
| Net Premium | 365026 | 933243 | 531476 | 1318726 | |
| Adjustment for change in reserve for unexpired risks | 83171 | 192669 | -2506 | 7958 | |
| Premium Earned (Net) | 448197 | 1125912 | 528970 | 1326684 | |
| TOTAL MISCELLANEOUS | |||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 21651877 | 41725893 | 19551813 | 36554744 | |
| Less : Premium on reinsurance ceded | 622436 | 1007831 | 848683 | 1029390 | |
| Net Premium | 21029441 | 40718062 | 18703130 | 35525354 | |
| Adjustment for change in reserve for unexpired risks | -1290700 | -2511784 | 1407894 | 4132647 | |
| Premium Earned (Net) | 19738741 | 38206278 | 20111024 | 39658001 | |
| C | MARINE INSURANCE | ||||
| (1) | MARINE CARGO | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 601772 | 1836439 | 978849 | 2271772 | |
| Less : Premium on reinsurance ceded | 45218 | 90513 | 119101 | 183644 | |
| Net Premium | 556554 | 1745926 | 859748 | 2088128 | |
| Adjustment for change in reserve for unexpired risks | 273840 | 338466 | 262578 | 359227 | |
| Premium Earned (Net) | 830394 | 2084392 | 1122326 | 2447355 | |
| (2) | MARINE HULL | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 2933205 | 4412401 | 1600821 | 3746699 | |
| Less : Premium on reinsurance ceded | 197263 | 396576 | 385696 | 518410 | |
| Net Premium | 2735942 | 4015825 | 1215125 | 3228289 | |
| Adjustment for change in reserve for unexpired risks | -1509881 | -768876 | 293862 | -408396 | |
| Premium Earned (Net) | 1226061 | 3246949 | 1508987 | 2819893 | |
| TOTAL MARINE | |||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 3534977 | 6248840 | 2579670 | 6018471 | |
| Less : Premium on reinsurance ceded | 242481 | 487089 | 504797 | 702054 | |
| Net Premium | 3292496 | 5761751 | 2074873 | 5316417 | |
| Adjustment for change in reserve for unexpired risks | -1236041 | -430410 | 556440 | -49169 | |
| Premium Earned (Net) | 2056455 | 5331341 | 2631313 | 5267248 | |
| D | LIFE INSURANCE | ||||
| Premium from direct business written | |||||
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 397794 | 774917 | 155640 | 453187 | |
| Less : Premium on reinsurance ceded | 128688 | 211437 | 65257 | 116648 | |
| Net Premium | 269106 | 563480 | 90383 | 336539 | |
| Adjustment for change in reserve for unexpired risks | 31374 | -149064 | -3657 | -91008 | |
| Premium Earned (Net) | 300480 | 414416 | 86726 | 245531 | |
| E | TOTAL ALL CLASSES | ||||
| Premium from direct business written | 0 | 0 | 0 | 0 | |
| Service Tax | |||||
| Adjustment for change in reserve for unexpired risks | |||||
| Gross Earned Premium | 0 | 0 | 0 | 0 | |
| Add: Premium on reinsurance accepted | 36539560 | 72745103 | 33946878 | 67489575 | |
| Less : Premium on reinsurance ceded | 1600501 | 4907126 | 4830073 | 6815381 | |
| Net Premium | 34939059 | 67837977 | 29116805 | 60674194 | |
| Adjustment for change in reserve for unexpired risks | -3210993 | -2586862 | 2424506 | 3897270 | |
| Premium Earned (Net) | 31728066 | 65251115 | 31541311 | 64571464 | |